The loan features a loan-to-value ratio of 75% and aloan-to-purchase price of 80%, according to Koch. It was placedwith Bear Stearns, the Wall Street lender that MRG-NJ represents asa preferred originator. A single tenant wholly occupies theproperty.

The Millburn office of MRG-NJ was opened five years ago toprovide financing services for income-producing properties. Theoffice currently represents a dozen national commercial lenders andhas closed loans ranging from $1 million to $65 million.

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